Commentary on the USD/CAD

Forexmentor.com Forex Trading Price Action

My sentiments on the USD/CAD pair have generated a lot of controversy. I guess a lot of folks expect a pair to go up forever, without ever taking a breather. Well, let’s look at the facts, now that the pair’s swoon has taken everybody’s breath away.

The monthly MACD is trending up; the weekly is showing a spinning top; the daily is sitting on the 100 EMA; the 4 hour MACD is showing divergence, as are the 1 hour and 15 minute. Later on in this AM Review, you will hear from several of our members who seem to think I haven’t lost my sanity yet.

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